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> Globalism is fantastic for business and stocks, but horrible for the American worker. Often claimed, hard to prove. In fact, isolating your economy to prote
by panick21 5y ago
> Globalism is fantastic for business and stocks, but horrible for the American worker.
Often claimed, hard to prove.
In fact, isolating your economy to protect increasingly ineffective industries is the exact opposite of what is good for the avg. worker.
It sure helps those industries that are specifically. protected.
> We eroded a lot of our capabilities to chase after higher value of being the final step in production. Now we see how fragile that makes us. And everyone is gunning to compete at our level.
And the solution to this is exactly not to try to use restrictive trade policies.